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Lower Electricity Bills: Hydropower Rate Reductions During Droughts

This new law aims to reduce electricity bills for hydropower customers in the Western United States. If drought conditions lead to lower energy production, customers may see reduced rates, helping to stabilize prices and support federal programs. These changes are set to be effective until the end of 2031.
Key points
Electricity bill reductions: Hydropower customers from specific projects (e.g., Colorado River Storage Project) may receive lower bills if energy production drops due to drought.
Customer support: The act aims to maintain stable relationships with customers and ensure that non-power-related costs are not included in rates during challenging conditions.
Time limit: Rate reductions will be in effect until December 31, 2031, providing clarity on their duration.
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Additional Information
Print number: 118_HR_6974
Sponsor: Rep. Maloy, Celeste [R-UT-2]
Process start date: 2024-01-11